Bitcoin miner Hut 8 Corp. has entered into a definitive power purchase agreement for a site in West Texas. The agreement provides Hut 8 with 205 megawatts of power capacity, marking the first conversion from its 1,100 megawatts development pipeline. Hut 8 Finalizes 205 MW Power Purchase Agreement in West Texas The new site, connected […] Original
Based on the formation in the daily chart, Bitcoin is at a critical point, price-wise. As the battle between bulls and bears progresses, it is clear that sellers have the upper hand for now despite the recent price stability. BTC Prices At A Crucial Price Level: Will Bulls Take Over? As BTC bulls attempt to reverse losses posted last week, one analyst, citing technical candlestick formation and the reaction at the 200-day moving average, thinks how prices react for now will be consequential in the coming days. In a post…
We can, of course, see the same type of arbitrage with AMMs, albeit in a slightly different form. Suppose you heard about SHIB early and you wanted to buy some before it was available on a centralized exchange. Because it’s not on an exchange you called on an Ethereum-based AMM (SHIB was created on Ethereum as an ERC-20 token), and you clicked the buttons to make your purchase of SHIB tokens. When you make that order, it gets thrown into a big batch of proposed Ethereum transactions. Some of those…
Global clearing house LCH, which was acquired by the London Stock Exchange Group (LSEG), has named Patrick Strobel its Chief Technology Officer. Strobel, who has been with LSEG as the Head of SwapClear and Regulatory Reporting Technology for more than three years, announced his latest career move today. Experience from Major Brands According to Strobel’s profile, he also held the role of Head of Securities Technology and UnaVista until 2022. The veteran executive has also worked for other major industry brands in the past, including Liquidnet, Deutsche Bank, and JPMorgan.…
Hours before the spot bitcoin ETFs were approved by the SEC in January, one of the listing exchanges, Cboe, added the funds to its “New Listings” page, saying that was “standard procedure” before the approval of a new ETF. If so, given that five of the potential ether ETFs will be listed on Cboe, we may well see a similar situation happening on the day that these ETFs receive approval. Source
According to the latest tally, onchain data collected at 12 p.m. EDT on July 9 indicates that the German government has sold 3,840 BTC valued at $220.7 million since 4:30 p.m. EDT on July 8. Bitcoin Holds Strong Amidst Germany’s Selling Pressure The German government’s wallet now holds 22,846 BTC following multiple transfers and deposits […] Original
The on-chain analytics platform Santiment has provided useful insights for investors considering buying the Bitcoin dip. The platform suggested that the worst might not be over as the flagship crypto could still experience further dips from its current price range. To Buy Or Not To Buy The Bitcoin Dip? In an X (formerly Twitter) post, Santiment mentioned to those considering buying the dip that market participants also anticipate a rebound. They added that these dramatic dips, like the one Bitcoin recently experienced, are usually met with FUD (Fear, Uncertainty, and…
Hexagate just introduced The Gate Security Oracle, which is developed on the eOracle stack, the top AVS on EigenLayer. This development marks the introduction of the first-ever decentralized machine learning (ML)-based security protocol. In the world of DeFi, trust and security remain crucial. Many projects have had to sacrifice decentralization to ensure functionality and security by extensively depending on external data. This often results in weakened security and challenges in building user trust and reputation. The Actively Validated Services (AVS) from EigenLayer will solve this issue. By utilizing the security…
In a special episode of the Public Key podcast, Jackie Burns Koven, Head of Cyber Threat Intelligence at Chainalysis, shared her insights on blockchain security and the evolving threat landscape with Amit Kumar, Partner at Accel, according to Chainalysis. Building Trust in New Technologies Koven highlighted the challenges and opportunities in building trust in emerging technologies. She discussed how Chainalysis has been pivotal in solving high-profile criminal cases and expanding consumer access to cryptocurrency since its launch in 2014. Koven joined Chainalysis in 2019 after…
Polychain was founded by Olaf Carlson-Wee, the first employee of crypto exchange Coinbase, and is one of the largest and best-known crypto venture firms, with more than $11 billion in assets under management. Pant was a general partner there from 2017 to 2023, tasked with steering the firm’s venture money into promising crypto startups. Source